SUMCO CORP/ADR (OTCMKTS:SUOPY) – Jefferies Financial Group cut their FY2022 earnings estimates for SUMCO CORP/ADR in a research report issued on Thursday, August 15th. Jefferies Financial Group analyst Y. Azuma now forecasts that the company will post earnings of $4.77 per share for the year, down from their prior forecast of $5.13.
Several other equities analysts have also issued reports on the company. ValuEngine raised SUMCO CORP/ADR from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research raised SUMCO CORP/ADR from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Thursday, August 8th. Finally, Goldman Sachs Group lowered SUMCO CORP/ADR from a “buy” rating to a “neutral” rating in a research note on Monday, June 10th.
About SUMCO CORP/ADR
Sumco Corporation, together with its subsidiaries, manufactures and sells silicon wafers for the semiconductor industry in Japan, North America, Asia, and Europe. It provides monocrystalline ingots, as well as polished, annealed, epitaxial, junction isolated, silicon-on-insulator, and reclaimed polished wafers.
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